majekdom2:
you don't like to make money then @ bolded. You should not complain about 30k since you love what you are doing and are not ready to do what earns more because I is boring

Well, that was years ago and yes, I'm happy with what I do now as business and I have no regrets whatsoever. I know I earn more than a lot of chartered accountants yearly when I sum up my earnings and I'm happy with that. That doesn't mean accounting is a bad career choice. As a matter of fact, my accounting background has helped me very much in my business. I love to play with figures very well... Was just giving a general assessment of what I know most accountants are facing. There are more than enough chartered accountants in the market who aren't even employed, let alone talk of earning well. I have people who from time to time, ask me to help them link up with any job opportunity and when I go through the resumes they send, quite a number of them are in the accounting field.

Nazeren:


That's called Bookkeeping. Any bookkeeper can do that. Pls don't confuse a Chartered Accountant with a Bookkeeper.

haba, am not that dull not to know who a book keeper is. Okay, how many accounting software do you know about? Let's start from there. Or are you saying there are no accounting software? Enlighten me.

Adaumunocha:
Aim for top companies e.g pharmaceutical, insurance, NGO... They pay accountants well. I have a friend who earns up to 500k as an accountant in an NGO, this guy no chartered o, had pass in his diploma. Na experience though cos he has worked with top companies... Talk about being lucky with any connection.

I don't want to work as an accountant. I have my small business that I'm managing and it pays all of my bills and gives me time to do other stuffs. I'm happy with that. Was just giving an opinion on what I feel and know, happens to a lot of accountants. It's a good career path if only you are getting paid well. I know of a colleague who was working with SIAO as an auditor then and was writing ICAN. She now does cake baking and it looks like she's doing very well.

As far as there is a growing number in business registration, there is a great future for accountants.

chronique:


I don't want to work as an accountant. I have my small business that I'm managing and it pays all of my bills and gives me time to do other stuffs. I'm happy with that. Was just giving an opinion on what I feel and know, happens to a lot of accountants. It's a good career path if only you are getting paid well. I know of a colleague who was working with SIAO as an auditor then and was writing ICAN. She now does cake baking and it looks like she's doing very well.

That's d best... Oh Mr cars that won't play ball for NL.

benuejosh:
okay. Well said. But am confused here so let me as you a question.

As an Economist, Cost is what we take into much consideration when working. Assuming, i hired a guy from any field and gave him the required training that he needs to handle some basic accounting at my firm Using "softwares". At the end he is capable of doing it perfectly as my firm wants, and also the cost i incurred has been relatively Cheap compared to if i had hired a chattered. Will i then still Consider hiring a Chattered or use my Software trained Accountant or will i advice a fellow business owner like me to go for Chattered? Since the Software trained account can still do what a chattered would . Considering Cost effectiveness.

What a lay man's view! What happens to the figures from the software?

I'm an accounting student and sometimes I fear the future, we accountants can be disposable. Your company can fire you from your post and replace you with a person with a skill a higher than yours or with a foreigner. That is why we should upgrade and learn accounting skills and practices as possible because, this occupation has become a competitive one and there are thousands of hungry chartered accountants ready to replace you.

Adaumunocha:
That's d best... Oh Mr cars that won't play ball for NL.

Why did you deactivate your second account?

chronique:


Why did you deactivate your second account?

Casted jare... Too many monitoring eyes.

xpizzy:
You are correct to a certain extent that 'judgement' is required in areas like Audit and Tax, but already artificial intelligence is being used for tax advisory in Australia. Deep learning and artificial intelligence can allow machines to imitate out thought process.

In audit, Big Data is being used around the world to identify trends , possibility of frauds , mistatements, creative accounting and the whole shebang.
So accountants need to be experts this days and 'add value' the 'machines' are coming and we need to be prepared

@ xpizzy , are you in Australia presently? Just that l have interest in that country.

Adaumunocha:
Casted jare... Too many monitoring eyes.

Lol. What are you running away from?

benuejosh:
haba, am not that dull not to know who a book keeper is. Okay, how many accounting software do you know about? Let's start from there. Or are you saying there are no accounting software? Enlighten me.

What kind of unintelligent question is this? When did I say there are no accounting softwares? Besides, how does that answer op's question?

That said, it didn't seem like you could differentiate between the two- chartered accountant and a bookkeeper

chronique:


Well, that was years ago and yes, I'm happy with what I do now as business and I have no regrets whatsoever. I know I earn more than a lot of chartered accountants yearly when I sum up my earnings and I'm happy with that. That doesn't mean accounting is a bad career choice. As a matter of fact, my accounting background has helped me very much in my business. I love to play with figures very well... Was just giving a general assessment of what I know most accountants are facing. There are more than enough chartered accountants in the market who aren't even employed, let alone talk of earning well. I have people who from time to time, ask me to help them link up with any job opportunity and when I go through the resumes they send, quite a number of them are in the accounting field.

people face problems in their career not just accounting alone.actually i was trying to let you understand the contradiction in your post. each to his own . have a nice day

Nazeren:


What kind of unintelligent question is this? When did I say there are no accounting softwares? Besides, how does that answer op's question?

sorry you ain't making sense to me. I asked a question and if you couldn't understand my question then keep live it. Because nothing you said made meaning to me. The person I asked/directed the question to answered me perfectly and how i wanted. If you said there are accounting softwares, can't people be trained to use the software without necessary going through the class rooms of chartered? And won't their price be cheaper compared to someone who is a chattered? His answer was YES in financial accounting which is basic, although they are certain things that will still need an accountant who is trained in that field (e.g when you talk of Management and Taxation accounting). I wonder where you jumped in from with your book keeping. Go back and read what i wrote, understand it before you conclude. Take Care Aunty Intelligence. Bye.

benuejosh:
sorry you ain't making sense to me. The person I asked the question answered me perfectly and how i wanted. So take Care Aunty Intelligence. Bye.

Well, I'm happy to know your ignorance has been treated.

chronique:


Lol. What are you running away from?

Nothing in particular.

Nazeren:


Well, I'm happy to know your ignorance has been treated.

you're simply showing yours Aunty I TOO KNOW. I never responded to the OP, it was a question i asked someone and the person i directed my question to answered me perfectly amd cleared me. You only jumped in with your Book Keeping to show me you did Business Studies and Probably that's what you do. Okay, i have seen you now Go back, read my question carefully and understand it before you talk foolishly.

majekdom2:
people face problems in their career not just accounting alone.actually i was trying to let you understand the contradiction in your post. each to his own . have a nice day

What contradiction is that? Kindly highlight.

benuejosh:
you're simply showing yours Aunty I TOO KNOW. I never responded to the OP, it was a question i asked someone and the person i directed my question to answered me perfectly amd cleared me. You only jumped in with your Book Keeping to show me you did Business Studies and Probably that's what you do. Okay, i have seen you now Go back, read my question carefully and understand it before you talk foolishly.

Haha. Try again. I just schooled you on what you were dumb at and you're still bragging on top am. Continue. But like I said, I'm glad I helped you move forward on the subject matter. Now get lost.

Accounting all the way.....bright future awaits me and my likes

Excellentmind:


What a lay man's view! What happens to the figures from the software?

Very true and that's why it is a question that needs clarification from the "lay Man".

Nazeren:


Haha. Try again. I just schooled you on what you were dumb at and you're still bragging on top am. Continue. But like I said, I'm glad I helped you move forward on the subject matter. Now get lost.

Schooled me? See foolishness. My question was on basic Financial accounting. Who brought Book Keeping into it? I don't know why some of you are so daft. Go back, read what i wrote and comprehend before disgracing your family online. It will save you the stress of looking foolish and unlearned.

benuejosh:
Schooled me? See foolishness. My question was on basic Financial accounting. Who brought Book Keeping into it? I don't know why some of you are so daft. Go back, read what i wrote and comprehend before disgracing your family online. It will save you the stress of looking foolish and unlearned.

Shatap abeg. Keep disgracing your poor father. BASIC F.A is book keeping ode! You're really daft oga. I can't deal mehn

No sir
If you are interested in living in australia, then check the travel section on nairaland. All the information required is at your disposal there

quote author=proffayol post=60577110]
@ xpizzy , are you in Australia presently? Just that l have interest in that country.
[/quote]

Excellentmind:


What a lay man's view! What happens to the figures from the software?

The guy na mugu. Comparing ordinary (trading) transactions posting to financial analysis. He thinks he knows what being chartered is all about. Just because you can do debit and credit doesn't mean you know diddle about core accounting.

entrepreneurship with a touch of IT...thats what i believe is the future in this country...dont wait for the slave ships to employ you unless it pays very well which in that case wont fit the definition of a slave ship...

i am going to respond to this issue as a professional and ICAN chartered accountant.
op, do not be deceived by people that knows close to nothing about your profession because every profession has its down side.
as a professional chartered accountant, of ICAN breed, you need not to worry about the number of accountants in the market. accounting profession has moved from adding figures and being a financial reporting expert.
as a financial reporting expert the following are some of your core area of expertise.
(a) financial modelling which entails detail management of funds for your organization
(b) investment appraisal which entails seeking out profitable investment portfolio for your organization
(c) financial analyst which entails advising corporate bodies on ways and means for business success
(d) tax adviser which entails managing tax matters so as to pay less tax
(e) internal control consultant which entails setting up internal control to reduce fraud in an organization.
(f) cost controller which entails providing means to cut cost and control expenses.
(g) variance analyzer which entails analyzing the differences between budget and actual to advise management.
(h) cash officer which entails maintenance of cash float and imprest account and sundries.
(i) payroll manager which entails management of wages and salaries
(j) chief financial officer which entails taking decisions on sources and application of funds for your company.
(k) management accountant which entails determining the cost of item or services your company render.
(l) feasibility studies consultant which entails carrying out study on possible profitable business.
there are so many things you can do as a chartered accountants and do not allow anybody to deceive you.
i am a proud chartered accountants of ICAN breed and i have never looked back ever since i qualified.
however, you may need to start small and build and apply your knowledge and skill appropriately so that the market will locate you.
the business environment is rapidly changing and demand for accountants are on the increase so brace up for your job opportunity.
as for the pay, accounting is rewarding now. chartered accountants working with small audit firms are not collecting less than 70,000 per month to start with. Chartered accountants working with big firms are not collecting less than 200,000 per month.
if eventually you land a dream job as a chartered accountant(ICAN), you may not be rich but you CANNOT AND NEVER be poor because you take home pay per month will not be less than 300,000.

in all and all there are medical doctors, lawyers, engineers and others that are underpaid like chartered accountants so we are not different. kindly note what i wrote is for ICAN standard and not for ANAN accountants.
please be properly guided.

scobaba:
Op go ahead and read the course you love. Accounting is a very lucrative course. Then going further to have a professional qualification like ICAN & ACCA are super super super advantages.

Those people saying Accounting has been automated and now an all comers affair have small minds...their thought process is so limited.

Let me use ICAN for instance. the current membership of inducted Chartered Accountants is less than 40,000. ACCA holders in Nigeria are even less than ICAN. Opportunities for Accountants are everywhere. its just for people to open their eyes and observe. Information is key in getting the lucrative jobs.

The Chartered Accountant who earns 30k today but builds his experience can hit it big tomorrow in a bigger firm. You can go from 30k to =N=2M Monthly hence you build your experience. I am a Chartered Accountant. I earned less than 150k for a long time, but when I got the big job in oil and gas, everything changed. it can be you too OP.

sir, I'm a 23 yr old man currently undergoing this course (ican), I'm in my finals now-I can substantiate this claim if you want me to, I don't really have 'work experience' and I'm looking to get one. I'll like to use this opportunity to ask if there's any vacancy in the firm you work for

echike:
i am going to respond to this issue as a professional and ICAN chartered accountant.
op, do not be deceived by people that knows close to nothing about your profession because every profession has its down side.
as a professional chartered accountant, of ICAN breed, you need not to worry about the number of accountants in the market. accounting profession has moved from adding figures and being a financial reporting expert.
as a financial reporting expert the following are some of your core area of expertise.
(a) financial modelling which entails detail management of funds for your organization
(b) investment appraisal which entails seeking out profitable investment portfolio for your organization
(c) financial analyst which entails advising corporate bodies on ways and means for business success
(d) tax adviser which entails managing tax matters so as to pay less tax
(e) internal control consultant which entails setting up internal control to reduce fraud in an organization.
(f) cost controller which entails providing means to cut cost and control expenses.
(g) variance analyzer which entails analyzing the differences between budget and actual to advise management.
(h) cash officer which entails maintenance of cash float and imprest account and sundries.
(i) payroll manager which entails management of wages and salaries
(j) chief financial officer which entails taking decisions on sources and application of funds for your company.
(k) management accountant which entails determining the cost of item or services your company render.
(l) feasibility studies consultant which entails carrying out study on possible profitable business.
there are so many things you can do as a chartered accountants and do not allow anybody to deceive you.
i am a proud chartered accountants of ICAN breed and i have never looked back ever since i qualified.
however, you may need to start small and build and apply your knowledge and skill appropriately so that the market will locate you.
the business environment is rapidly changing and demand for accountants are on the increase so brace up for your job opportunity.
as for the pay, accounting is rewarding now. chartered accountants working with small audit firms are not collecting less than 70,000 per month to start with. Chartered accountants working with big firms are not collecting less than 200,000 per month.
if eventually you land a dream job as a chartered accountant(ICAN), you may not be rich but you CANNOT AND NEVER be poor because you take home pay per month will not be less than 300,000.

in all and all there are medical doctors, lawyers, engineers and others that are underpaid like chartered accountants so we are not different. kindly note what i wrote is for ICAN standard and not for ANAN accountants.
please be properly guided.

these are are facts! All you've stated are facts.

I really like the way you ended it. Relatively speaking, ANAN holders are bunch of lazy people, in climes where high standards are expected there would be no such thing as ANAN, it infuriates me to know that majority, if not all of them are found in the public sector, the fact that the accountant general of the federation holds a ANAN qualification kills me. Truly, the standards are falling.

Sir, I'm a 23 year old graduate currently undergoing ICAN, I'm in my finals now, I can substantiate this claim if you want me to. Sir I don't have work experience and I'm looking to get one. I'll like to use this opportunity to ask if there's a vacancy in the firm you work for or if there's a way you can recommend me...

Echike And Others Thanks A Lot.

Kratos3364:
sir, I'm a 23 yr old man currently undergoing this course (ican), I'm in my finals now-I can substantiate this claim if you want me to, I don't really have 'work experience' and I'm looking to get one. I'll like to use this opportunity to ask if there's any vacancy in the firm you work for

It is normal for every graduate who hears oil and gas to want to jump into it. Relax. you will need to build your Accounting experience first. you don't do that in oil and gas. I don't know of any Multi National firm that employs fresh graduates in Accounting department. Most guys in my department for instance did 3-5 years In an Accounting firm before they got here.

My Advice...seek employment in firms like PWC, KPMG, Ernst & Young, Deloitte or some other top local firms like Adetonai Isichei and SIO. Build your experience there, give urself 4-5 years of experience building and you will see how lucrative the Accounting profession is out there. You will see job offers you may be confused which to choose. you tho have to support yourself with basic ICT skills. The problem we have today is that some Accountants have so engrossed themselves in book keeping that they don't fit into the big firms with sophisticated IT systems.
All the best.